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to building bridges between the united states and the arab and muslim world, particularly libya. and i think this is going to sour a lot of americans about the future trajectory of the middle east, about the direction in which the arab spring is headed. and i think particularly this is tragic for syrians. syrians who are now under siege or around 20,000 syrians have been killed by the regime of assad and i think many syrians were hoping for an outside intervention or outside aid to provide some type of save zones. and i think the reality is that after the united states and nato had gone into libya it oust gadhafi, i think there will be far less appetite to want on do anything in syria. >> probably also raises huge questions about money from america that is going to fund some of these governments particularly in egypt where it's $1.5 billion plus another billion that was being put together in a package right now. how do you think that plays out in congress at this point? >> that's absolutely right. egypt is a country which has i think the second or third largest aid package from the united st
have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis and said if not for what we had done, there
smoke coming out of the u.s. embassy. they have replaced the united state flag. there are also reports they have taken over an american school there as well. fox is trying to confirm all of this. it is similar to what we are seeing and other countries, in particular lebanon. at least one person was killed in the protest. many more were wounded. this comes as pope benedict xvi arrived in lebanon. protesters they were seen ripping up his picture ahead of his visit to lebanon. here in afghanistan, we feared there would be widespread violence. so far, those have not materialized. it has been very peaceful here in kabul. there are real concerns that the rights will spread to afghanistan or pakistan in the coming days. melissa: connor, thank you for that report. lori: these are trying times, that is for sure. let's see how the markets are reacting. nicole petallides is on the floor of the new york stock exchange. nicole: we are keeping a close eye on some of the office product retailers. there is news. the first set of news is stapled it now has private equity firms interested in taking it p
in the united states. some indexes they watch on a weekly basis have been lower recently and that will fuel a lot of talk about a bit of a slowdown. front-running the fed, guys, did you see what happened yesterday? i pointed out some of the biggest etfs in the high yield area. i'm talking about j&k had heavy volume and hitting new highs. why is that happening? a lot of people believe at the minimum the fed is going to extend forward guidance to keep interest rates low to at least 2015. all of that would be a big beneficiary to high-yield funds who are forcing people to go out on the yield curve. this is one simple way people are already anticipating exactly what the fmoc is going to be doing. back to you. >> terrific, bob. got to ask rick. looks like people sell bond, shift bonds to the dollar. rick is at cm group in chicago. >> thank you. i guess we should welcome europe to the same club the u.s. is in. lots of liquidity. maybe more liquidity coming. and a generally weak economy. welcome to the club. if you look at our charts, they pretty much reflect a lot of what central banking is doing
to us by the congress of the united states which represents the american people. >> what does that mean in terms of numbers? >> 2% growth. >> are we at two? kevin was very careful, he went 1.5 to 1.75. >> that's very precise. >> i want basis points. >> decimal points is silly stuff, come on, joe. >> i know. >> there is positive growth, it's just not robust and the key point, it's not enough to create the jobs we need in this country. now, i argue and i argue forcefully, i'll give a speech on this tomorrow night here in new york, the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slowdown in china, these are important things. the real uncertainty stems from what are my taxes going to be? what kind of spending pattern also come out of the federal government, how do i deal with this explosion of regulatory morass we have coming out of washington. how do you budget whether you are exxon or a little bitty 20-person company, how does the woman who runs that company or the man who runs that company budget when they have no idea what their cost
this morning. they'll just try to get a share of the touch screen market in the united states. to your point about cash going out, more smart phones being sold than expected it is still a big shortage so the move today, is that indicative of -- >> they're not going out of business. >> even though the core operations remain unprofitable. their cash build was 2.3 from 2.2 on the quarter. >> they had more cash than previously. >> and their shipments continue to go down. they bleed people. >> you have the developing countries now. >> the pricing pressure is greater. >> there's always ban thought someone would buy them. but people felt why buy them because they'll run out of money and when they run out of money you can get them for nothing and you get all that intellectual property for nothing. there's a lot of companies that wish they had that keyboard patent. maybe that is worth something. i'm just saying that, look. i want the blackberry 10 to ship earlier. i thought becky's interview was terrific. it's very difficult to be as negative as you might have been before knowing that the restructuri
a barrel and what that meant for consumers and gasoline providers in the united states and developed nations when you think of a goldilocks scenario is not the same as we saw in early 2007 but the idea of the s&p and nasdaq and multi-year highs and gasoline prices coming down, central accommodation and what is taking place now number are very bullish on the heels of a rebalancing they referred to earlier and i will tell you into the close. liz: volatility and the close and we will give you all the information you need and thanks, great to see you. have a good weekend. the mission is to help you make money no matter what is happening in the world and peter barnes got a window into the federal reserve's thinking in an exclusive interview with eric rosenfrance. the move to implement quantitative easing is already starting to work in the housing market. >> rates are low in the boston market. prices going up. if you think the federal reserve program will last a fixed period, you want to catch it and interest rates low and prices going up. liz: precisely. why did we play the sound bite? my
of the oil from the middle east has to go through in order to get to europe and the united states. libya, for example, has brought its oil industry back online. it is pumping more than i believe a million barrels a day. these are essential to the oil markets internationally and to the price of gas here in the united states. so it's not just oil. it's also international security. it is future of israel. it is our long-term interests in the middle east. melissa: is it working? i hear what you're saying and you look at pictures and see what happens, you have to ask yourself is it working? >> of course those of us who have been out there, we're shocked and we're obviously very, very saddened by these events and our first reaction of one, gee, why does this happen? what we have to do is first of all see what the governments will do in response to these attacks. they have an absolute responsibility to protect embassies and diplomatic establishments. this was not done at all in the case of egypt. the libyans tried. there was a major gunbattle with terrorists involved. we have to see in days ahe
. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and it could even have an impact on the presidential election. in a detailed study of the summer's drought which scored soybeans, corn and other crops across the nation, macro economic advisors out of st. louis estimate it could shave as much as a half point off gross domestic product this year. that's a big hit to a $13 trillion economy from a total farm sector that accounts for just -- wait for it now -- 1% of the nation's output. ben herzon is the economist who did the study. pe explai he explains the drought's outside impact. >> even though it only accounts for 1% of the economy, big changes in farm output can show up in
competitors to step up the game in order for mcdonald's to start missing here in the united states. what will mcdonald's force to be done? and will that be good from an investor standpoint? how much will they have to give up maybe in terms of margins in order to get those customers back, for instance? >> you know, i think it's a combination of being more aggressive on the dollar menu. they will give a little bit on the margin side and we have near term caution on that particular point. but i also think they have a pretty nice product pipeline shaping up for 2013, which gives us excitement, and it's one of the reasons why mcdonald's is one of our favorite medium term names in the space. we do have some caution based on more difficult comparisons that show up in the fourth quarter as well as the threat of higher food costs that are going to pay out early next year. >> we should point out that with 104th on the price target. jim, we hear again from r.j. about food costs. actually the flip side of this is that we have a very weak labor market in the united states. so for as long as we're not
economy and that's why the united states must do what we must to prevent iran from obtaining a nuclear weapon. >> and that's president obama speaking at the u.n. yesterday and ahmadinejad speaks today. in the next hour, the american muslim's response from the american islamic forum for democracy. joining us at 10:15. and elizabeth warren making headlines again, but do you remember this? >> in this country, who got rich on his own, nobody. you built a factory out there good for you, but i want to be clear, you moved your goods to markets on the roads to paid for. >> the woman who started the income envy debate with that rant. turns out she was getting paid by a steel company and that against the unions. could it be true? and that's not all. questions whether she's licensed to practice law. that is just one of our new at ten stories. and then we have barnes & noble. it's got a lighter and thinner e-reader. so, nicole, is the stock up? >> oh, yeah, the stock is up lighter, thinner, high def. you want 7 inches, you want 9 inches, want to be able to read in the dark and do you want a strong
moved, not by what's going on here in the united states, but what's been going on in europe, which says to me two things. one, any bad news out of europe is going to send the market down. two, eventually people are going to have to pay attention to what's going on in the united states. i'm expecting we're heading into earnings season, i'm expecting anemic growth, and eventually that's going to have to play into the situation here. i mean, i know you don't fight the fed, but eventually we have to come back to what's going on in terms of fundamentals and stop focusing on monetary policy. >> what do you think? are we going to focus on fundamentals? if you are, kurt, would you be a seller of this market? >> we are focused in on fundamentals. i think this has been a tug of war between the reflationists and some of the risk that's been perceived in the market. we're not investing in gdp. we're investing in earnings. so far, earnings has held up. so far this year the stock market has been doing well. we'll focus on earnings. in terms of am i a buyer here, i'm taking selective positions because
of factory jobs are like that in the united states. that's the nature of a factory. >> one final question, if i might. how long does your intelligence indicate that this plant may be offline? >> that's the critical question. they were saying it could be up as soon as tomorrow. i actually think we've not heard the end of this news. i think we'll see more bad news regarding nurse which could theoretically keep this factory closed for up to a week or maybe more if we end up seeing deaths. >> gentlemen, thank you very much. appreciate you being with us. >> ty, as you know, another big apple story today, the company selling more of its 5 million iphone 5s in the first three days after that product was launched. a note from jpmorgan says, by the way, that that does not include pre-orders, and then there's yahoo!. the shares of yahoo! today are on the upside by more than 5% in a month as the new ceo, marisa mayer, gets set to address the troops tomorrow. jon fortt is helping us get ahead of this particular story. >> tomorrow's meeting is only for employees, not inviting the media, not asking dir
and the president of the united states, whoever it may be after november, a second chance, possibly a very clear timetable saying time is running out, our clocks are ticking. israel's clock is ticking much faster. we feel very threatened. the president of iran talking the day before, basically pledged to wipe israel off the face of the map. we have threatens civilization as we know it was certain civilizations threatened as well, so what the prime minister tried to make clear was he will not allow iran to acquire nuclear weapons, but he expects international community led by the united states to do it rather than have israel do it. connell: does that take the possibility of an israeli military strike against iranian nuclear institutions, whatever they may be, does it take it off the table before the end of the year or before the u.s. presidential election? >> i think it does. whabut he has basically said wae are allowing you more time to try and use diplomacy, to try and use of sanctions. we expect you to act. i think it creates more certainty, and in fact i think the redline were the prime mini
that word, the auto industry of the united states at that time? >> it sounds like rhetoric. but -- and it is rhetoric, i guess, because it's words. but i think they're actually factual words. president bush and hank paulson agree because they were the first ones to provide capital to the auto industry. if the government had not stepped in, these companies would have had to literally shut their doors, they would have run out of cash, had to lay off their workers. the suppliers would have gone down. ford would have gone down. the industry would have shut down. whether it would have ultimately liquidated would depend on what would have happened after that. >> that is not the case. and in fact we got some very strong numbers earlier this week. are you surprised at the strength of auto sales at this point? >> no, i'm not surprised because you need to sell 15 million cars a year in this country simply to keep the fleet from aging. and we have not done that now for over four years. this is unprecedented in american history. so you have a huge amount of pent-up demand for cars beca
of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air pocket and meaning if the economy goes down, there's not an easy way to reverse it. monetary policy is less effective because when you buy a bond, when the federal reserve makes a purchase, that has the effect of giving money to somebody who won't put that money into something like that bond. and that money does not easily go to people who spend it, that's a balance between monetary and fiscal policy and i worry about the policymakers getting that balance right. that's a possibility and a scary possibility. other than that, i think the most likely situation is we will fly successfully from here to los angeles essentially but we have longer risks. you need a balanc
the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ >>> "squawk box" keeping our eyes on the prize, its eight a "squawk" oil summit. the smartest minds in the industry. >>> safeguarding your online reputation. the founde
of the market. it is in the hands of the eflt cb not the hands of united states. >> we should point out tomorrow we will get some sort of plan or are expecting to from the ecb perhaps some details about a bond buying plan of some kind that we're hearing some things about today. the market may be disappointed in that these reports seem to indicate they'd be targeting three years and less in terms of maturity. that they would not have a yield target perhaps, say we're not going to let it go above 7%, and that it would be sterilized purchases. there are some who believe, hey, you need to actually increase the money supply. really if you're going to get things moving in europe but of course the germans are always concerned about inflation and sterilization which basically means they'll try and take in as much in deposits as they buy in bonds. sort of keeping -- >> somebody tweeted this morning fed bernanke needs to show them how you really print money. and, jim, one other facet of this report is that the head of the bach the german still remains the one lone hold out to this bond buying policy meani
. but here in the united states, with respect to the rally, i'm getting a large number of questions. we're getting a large number of questions about whether or not the stimulus boost from federal reserve easing is what it used to be, so to speak. i would remind people take a look at the last couple of instances, we've had similar measures. we've had similar instances of people wondering whether the fed was -- if i had $1 for every time we talked about the fed being out of bullets, i'd have lots of dollars. and we're going through that again. >> they would all be worth less. >> the previous dollar, yes. >> less than maybe ten years ago. not necessarily less than five years ago. >> shame on you for that populist comment there that you should be cutting taxes in europe. at what point do you think the spanish are going to cut taxes given the situation that they're in? shame on you for appealing to your republican base in such a shameless way. >> btig's clients would be interested to know that i had a republican base, but listen. at the end of the day, there isn't a sort of a one-size-fits-a
aren't moving anywhere. it's on hope they can get it rationalized. united states is on fire and everyone keeps saying why can't we buy ford. because of latin america and europe. >> facebook, a bit backward looking, but the best day yesterday since that ipo. it's almost you can't say ipo without saying botched ipo. that's the way everybody says it. was there a turn yesterday? >> i think that you're going to have a well p like situation is what people hope. yelp was a giant lock up that expired and all the shorts were piled on. it went up seven. you have to bet that everyone is overly short facebook to get this thing going. i think it's more of the dynamics of the lock up in actual earnings. >> the big lock up is coming november and by november, we'll have more than a million shares hit the market. >> that's a big lock up to overcome. >> aig was remarkable. had 600 million shares hit, but aig of course was valued at half book. facebook, not valued at half book. >> taking a look at the financials, it is worth noting because xlf closed at five-month highs. taking a bit of a brea
the president has taken office, for every one dollar added to the economy, the united states has added more than 3 dollars in debt. while there's been a 12% increase in economic output, there's been a 50% increase in the national debt. those are the numbers. here's something not to get lost today. one of the biggest names in america business says the economy is getting worse. we're going to have more on why fedex is lowering its outlook. dagen: you wonder why oil is selling off. one of the biggest names in the bond market, he is here in studio. bob auwaerter coming on. bank of america, merrill lynch just said gold going to end up going to $2400 an ounce. we know how those often work out. look at oil at $96 a barrel. [ horn honks ] [ male nouncer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...e mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if somet
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
been made of their failure to invest and promote the pepsi brand for soda within the united states. how relevant now is the home market for investors when, for example, coke is suggesting they will invest $30 billion over the next two or three years with the bot lers to double consumption around the world? >> it's a great question. so there's been a terrific change of heart at pepsi. this year about $600 million of advertising spending behind the businesses, the bulk of that is going to happen in north america. you probably just saw they sign add deal with the nfl. clearly they feel the pressure and want to start growing some of their businesses here at home again. >> and how does that compare to mao tau kent and the mass everybody bottlers worldwide. >> remember, coke bought their bottle in the u.s. so they have a lot more skin in the game. the good die naming here on the beverage side is guys are kind of getting along and playing nicely for the first time in a while. i think they want to make more money. they're cognizant of the economic. they're making the pack sizes smaller and lift
's happening in the united states. >> certainly that's going to bring down the large indices and i just wonder if you think in the fourth quarter there will be a put from central banks or from hedge fund managers that have to play catchup or could we look at the last three months last year? >> central banks are obviously very powerful. you know the old saying, don't fight the fed. you have to be very careful. but as you stretch out the time rise and what you find historically is there is no relationship between liquidity and stock market movement. but i think what's much more important is your original question, if the profit cycle continues to decelerate, i think that's what people want to think about and that's what people want to position their portfolios for. i still think personally that you want to look at more defensive sectors which i think are less prone to have these big earnings disappointments right now. >> rich, can you put together these two knows in the market that you want to be in more dmfticily oriented companies and also this other thought in the market that you want to be i
those good things. so you can start ordering them on friday. it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for $1.7 billion. the subhead says they hope to reach an agreement this month. the price spiked. the stock is up 10%. back to you. >> thank you so much, brian. if world investors are right, get ready for another intervention to boost the economy. >> mean time, we're going to talk about whether it's needed or not. peter says any fed action is not going to help and it's wrong. others say the economy needs it right now. let's talk about it and get your perspective on this. peter, you saw the employment numbers last friday. you don't think we need more
tarp was one of the worst economic decisions in the history of the united states. >> okay. so like i said, he does not hold back on anything he's thinking about. he will be our guest host for two hours today, and that begins at 7:00 eastern. we are also going to be talking finance with the ceo of cowen and company, jeffrey solomon, and bill isaac. plus the state of innovation, steve case will be joining us live at 7:30 eastern time. so we have a big show ahead. before we get to all of that, let's get you up to speed on the morning's headlines. andrew, good morning. >> thanks, becky. good morning to you. we will get you caught up on some of the big headlines. germany's highest court ruling that the country can ratify the new permanent european bailout fund, but there are conditions to germany's participation. here's the important part. parliament will have veto power over any future increases. we'll have more on that story in just a few moments. back here in the u.s., the fed is beginning to begin convening a two-day policy setting meeting in washington. market expectations high. many
some growth and the country is the united states. >> and we don't have the demographic. >> no, we don't. where they are selling more adult diapers than baby diapers. >> kimberly-clark. >> the aging of this country will accelerate. >> we're selling fewer baby diapers, let's be clear. there are fewer babies being born. >> right. it's a declining population as well to a certain extent and the dramatic age -- >> right. i think that our household formation was a cyclical decline related to the recession. i wouldn't be sur poised if the 1.85 children per house, i find it hard to reconcile that. it goes back to two and we see a gradual choice in housing. people were living with their mother-in-laws, and i had that experience. it's tentative. >> now you're in your car, you weren't living with your mother-in-law, you were in your car. >> live inning my car with a couple of kids and it wasn't -- an suv, that would have been an svu situation. reverse the letters. >> if everyone is debasing their currency, is anyone debasing their currency? >> that's a great question. >> a race to the bottom. >>
manufacturing contracting here in the united states. yesterday, we learned it's contracting in the china for the first time since november and in europe, it continues to contract. and yet, you think that the market is well supported here, why? >> i think it's going to be a range bound market. i think right now, we're in the tougher end of the range. there are two things that are supporting the market. one, there is an economic value to entities and so the lbo or acquisition value is providing support. to the extent companies return cash to shareholders, that offers some support. >> do you see many acquisitions in the market at the moment? >> no, and that's one of the things that's been surprising and disappointing at the same time. it's interesting. there are areas of the market where you've seen capital flow to economic opportunity. for example, buying single family homes to rent them out. which is an arbitrage that was made available by the decline housing prices you haven't seen a comparable level of activity on the corporate side, which is surprising. there are a couple of opportunit
there and are you independent of what happens in the united states as a bank? >> yes, we are focused on the market. even though we have a bank operation, and asset management business, too. and insurance, too. retail banking is the most important at the moment. >> your parent company, santander, still owns 75% of you. it's a bank that needs money, that's why you're going through the ipo. how do i know as an investor that santander won't flood the market with further stock going down the line? >> well, santander has a strategy, a list of different banks in the local markets. to have more community with the markets. and even though we have that company, santander is doing great in retail banking. decisions that are better for the mexican market. >> can you prevent them from selling the other 75% of your bank on the market? >> yeah, they have decided to sell a part because mexico is a very good investment for the group and is one of the main sources of profit and is good for the group. >> before we let you go, mexico's been through many, many debt crises. what is their view of how europe is handling
reluctance to spend money as well. we have to ask ourselves, is the united states of america right now and environment that welcomes business and welcomes risk-taking? and when you look at new regulations and when you look at the antagonistic view of so many folks in washington for the pharmaceutical industry, the hmo industry, the banking sector, the energy sector, before you know what they are like that turn on a tank. eventually aiming at every single industry except the solar industry. if you are importing solar panels and china your being in debt as well. david:, former white house economic adviser. thank you. he is author of why we thrive in the rat race, also head of the tiger hedge fund. well, mitt romney promises that his policies will help create 12 million jobs. there are not a lot of specifics immoral least there were not allowed given in the republican convention. how will it be done? carlos gutierrez tells us in a detailed plan coming next. liz: sending out invitations for a big event next week. what new products could detect and reveal? it might be in the shadow. that st
of years here in the united states, no matter who's in charge. others think we're headed well down from here. how do you see it? how are you kind of playing this out? >> i really see that the u.s. has one of the most dynamic economies. a lot of entrepreneurs that can always figure out where else to take their companies. and i think this is -- we have seen that in shell gas, where shell gas went from nowhere to 50, 60, now 80 billion cubic meters of annual production. it's unbelievable. and i think this is something that, you know, we do believe in the u.s. economy in the fact that, you know, u.s. cooperations will always come up with new ways of satisfying that demand. >> andrei, thank you. >> thank you. >>> coming up, the jobs report could become a political football on the campaign trail. new england patriot president jonathan kraft will join us with a unique indicator. first, what happens when you send a conservative free market economist to the dnc with a microphone? peter shift found out and he'll join us live at 6:50 a.m. here's a little preview of that. >> how about a cap on prof
the unemployment problem here in the united states. >> yeah, i agree with you on that, bill, but i just want to make a point that i've heard a lot of politicians talk about unemployment. i've not heard any single person talk in a more impassioned way. you can agree or disagree with his prescription, but as far as i can tell, he's the only one in the political establishment doing anything about it. so i think that's an important thing. and that's one of the reasons why, you know, he feels -- he's pointing out that fed policy is not a panacea. he needs help from the fiscal side. >> how come we're not getting it, steve? is it just because washington is so broken? >> i think it's so broken, and i think no side is willing to give the other side any advantage whatsoever until the election clarifies. >> i think that's outrageous. i think that's outrageous, really. i do. >> but it's the reality we face right now. lance roberts, what strikes you about -- i mean, are you hopeful that the economy can get better as ben bernanke suggests, or are you more concerned about what the implications are for this
by examining 113 indicators from official data sources and polling 15,000 executives. united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story. we've been trying to follow the twists and turns. the fbi now says there is no evidence to support claims that hacking group anonymous infiltrated an fbi agent's laptop and lifted data for more than 12 million apple products. however the front page of "the financial times" lays it out and says hackers embarrass apple with this data release. there were over a million different devices, numbers were published online. this is a story that has many odd twists. the hackers said they would not give any interviews about this breach unt
of coal and the president wants to shut down coal production and the use of coal in the united states and, so that we can export it to our economic competitors around the world. the house is going to speak once again that this is a big step in the wrong direction. >> the white house says this bill packages together a number of harmful measures that would undermined landmark environmental laws and would adversely affect public health, the economy and the environment. if this bill passes the house the senate will very likely pass on even considering it. back to you. ashley: the saudi arabia of coal. that's what we are. rich, thank you very much. >> how about that? procedural vote is happening now in the senate and that's possible that senators could vote on a six-month spending bill and then of course leave town until the november elections but it's not a done deal yet. joining us now with exclusive, for an exclusive interview republican senator mike crapo of idaho. senator, i have to tell you i think i speak on behalf of a lot of americans when i say we are so sick of hearing this kind of
in the united states. maybe you do own them. >> do you know who has heard of them? >> who? >> jim cramer. >> the deal is worth approximately $35.75 a share. i don't know what type of medical devices they make. you know, i like a lot of things. i don't mind seeing toys made in china, that's fine, that's good. my defibrillator, maybe not. >> there are problems with defibrillators made here. >> that's true. my 737, no. >> no? >> you fly around on chinese airplanes? >> the iphone. the iphone doesn't crash. >> chinese car if you lock your keys in them, you get a can opener and you can easily break into your car like a lunar landing module, you put your elbow right through it if you -- >> what do you want me to say? >> that amazon is planning an online marketplace? >> amazon is planning an online market place for wine sales, the second attempt to sell wines to consumers after a partner problem forced them to end the first one three years ago. they held a workshop in napa this week with members of the napa valley vintners association. they are planning to charge wineries a 15% commission on sal
a month or so and you see iron ore stocks, you see machinery stocks in the united states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking about a recovery -- the local investors do seem to be more excited by this new story than we've seen for some period of time. particularly noting that cement stocks rallied quite hard today in shanghai. so that is interesting that the local investors are somewhat more enthused about this story than we've seen for months. >> okay. adrian, thank you so much for phoning in. we appreciate it. adrian mowat of jpmorgan. >>> it's interesting this morning that stocks are essentially hanging on to the sharp gains that they made last w
camera again is everybody wants equal opportunity and fairness in the united states. it's just when that breaks down and you don't think it's fair. and you know what else plays into it? is corporate cronyism and the kablt ability to succeed but not to fail. we talk about these things in a perfect world. and it's not perfect. and that's when we get things that need to be rectified and people feel like they're getting screwed, basically. >> no, there's a feeling, and the feeling is enhanced in a downturn, a bubbly economy is when people feel better. i have to add these problems may seem, you know, to be challenges for us. they're big challenges in other places. >> worse than here. >> oh, yeah. india has had momentum stall and a loss of investor confidence from some really dumb stuff. >> you think we can get our mojo back, mike? >> oh, yeah. >> you do? >> yeah, i think so. partly because there's so many parts of the economy on the private sector side that are dynamic and functioning fine. i think people will get motivated and get back in the game. the real question marks frankly on our
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